09.03.2016
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DGAP-News: 3W Power S.A. / AEG Power Solutions: 3W Power S.A. invites bondholders to pro rata tender
DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Bond
3W Power S.A. / AEG Power Solutions: 3W Power S.A. invites bondholders to
pro rata tender
09.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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- 5 Million euros of the proceeds of Fluxpower and Primetech sales are
dedicated to the pro rata repurchase of notes
- Reduction of Company debt and cut of interest expenses
Luxembourg - March 9, 2016. 3W Power S.A. (ISIN LU1072910919, 3W9K), the
holding company of AEG Power Solutions Group, a global provider of UPS
systems and power electronic solutions for industrial, commercial,
renewable and distributed energy markets, today, under the terms of the
Company's Bondholder agreement invites bondholders to a prorate tender for
repurchase of notes.
All holders of its outstanding Notes 2014/2019 with ISIN DE000A1ZJZB9/ WKN
A1ZJZB issued with a term to maturity ending on 29 August 2019 are invited
to tender up to 9,900 Notes with a total principal amount of EUR
4,950,000.00 for repurchase at a price of 101% of the principal amount of a
bearer bond. The terms of the tender offer invitation are available on the
Company Website, at the Investor Relations contact of the Company and will
also be published formally in the Bundesanzeiger, Luxemburger Wort as well
as on the Luxembourg Stock Exchange.
Repurchase tender offers may be submitted by noteholders as from: 10 March
2016 0:00 a.m. until 07 April 2016 24:00 p.m. (Frankfurt am Main local
time). The repurchase of notes will reduce the principal amount of the
Company Bond (Senior Bond) from EUR 50 million to EUR 45 million and cut
Company's interest expense up to EUR 1.7 million through 2019. Jeffrey
Casper, AEG PS CEO comments "We are reducing our debt and gaining momentum
on building a successful business in our core markets of critical
infrastructure. Current year start confirms the guidance we gave so far on
2016 business outlook and improved profitability."
3W Power has appointed ODDO SEYDLER BANK AG to act as central settlement
agent and carry out the technical implementation of the repurchase.
-- End of Announcement --
About 3W Power/AEG Power Solutions:
3W Power S.A. (WKN A114Z9 / ISIN LU1072910919), based in Luxembourg, is the
holding company of AEG Power Solutions Group. The Group is headquartered in
Zwanenburg in the Netherlands. The shares of 3W Power are admitted to
trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).
For more information, visit www.aegps.com
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For further information, please contact:
Christian Hillermann
Hillermann Consulting
Investor Relations for AEG Power Solutions
Phone: +49 40 320 279 10
Email: [email protected]
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09.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 3W Power S.A. / AEG Power Solutions
19, rue Eugène Ruppert
L-2453 Luxemburg
Grand Duchy of Luxembourg
Phone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: [email protected]
Internet: www.aegps.com
ISIN: LU1072910919, DE000A1A29T7,
WKN: A114Z9 , A1A29T,
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Munich, Tradegate
Exchange
End of News DGAP News Service
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